Apple supplier Luxshare Precision Industry is planning on raising around $2 billion to fund new projects, such as production lines aimed at wearables like the Apple Watch, and some intended for smart vehicles.Apple CEO Tim Cook at a Luxshare plantThe company plans to issue up to 2.1 billion to up to 35 investors at a price that will be disclosed later, Reuters has reported. With the share issue, Luxshare is aiming to raise up to 13.5 billion yuan.Read more
